Monthly Archives: February 2014

Freedom Industries Winding Down Operations

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CHARLESTON, W.Va. (WSAZ) -- A bankruptcy court hearing involving Freedom Industries Friday revealed a change of course for the company and what will happen as the investigation into the chemical spill continues.

Attorneys representing Freedom Industries said the company's problems far outweigh what it can handle and the business will eventually shut down.

Freedom Industries' CEO, Gary Southern, was not in the courtroom Friday.

Attorney Mark Freedlander represented Freedom Industries.

Freedlander said the company will remain in Chapter 11 bankruptcy.

He said after recognizing the costs, business appears to be unpractical under the circumstances.

Freedlander also said Freedom Industries' leftover inventory is being sold to existing customers and depleted.

Attorneys said the company plans to transition those customers to competitors.

Freedlander said the company hopes current employees will be able to find new positions with competitors or vendors that work with Freedom Industries.

According to Freedlander, employees and customers were made aware of the situation Friday morning.

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Freedom Industries Winding Down Operations

Freedom Industries to shut down sooner rather than later

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What has seemed inevitable for weeks was made official today: Freedom Industries will soon be finished as a company.

CHARLESTON, W.Va. -- What has seemed inevitable for weeks was made official today: Freedom Industries will soon be finished as a company.

Mark Freedlander, a lawyer representing Freedom, told U.S. Bankruptcy Court Friday morning that the company responsible for contaminating the water of 300,000 West Virginians will wind up its affairs -- including environmental remediation -- and then begin sending all its customers to its former competitors.

That will happen "sooner rather than later," Freedlander said.

All of Freedom's remaining chemical inventory will be sold in a matter of days, he said.

"It just became apparent in relatively short order," Freedlander said, "that it was not practical or financially viable" to continue operating the company.

Freedom was represented at Friday's bankruptcy hearing only by its lawyers. No company executives attended.

In a news release issued after the hearing, Gary Southern, Freedom's president, said that selling the company's inventory and shifting its business to competitors "represents Freedom's best opportunity to generate funds it needs for our environmental remediation efforts."

Southern said the company would do its best to help its employees find jobs with competitors, although job losses were inevitable.

In late January, Freedom agreed to an order from the state Department of Environmental Protection to begin tearing down its facility on the Elk River by March 15.

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Freedom Industries to shut down sooner rather than later

Freedom Industries announces it will shift its sales and service support

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Freedom Industries, the company responsible for the Jan. 9 chemical leak that left 300,000 people in Southern West Virginia unable to use their tap water for several days, announced Feb. 21 it is "shifting its sales and service support to other providers, exhausting its existing inventories and pledging to assist displaced employees."

The announcement came from Gary Southern, president of Freedom Industries, and went on to say the move was "in an effort to maximize resources for its top priority of environmental clean-up," at its Elk River facility where the Jan. 9 leak occurred.

Southern said the strategy "represents Freedom's best opportunity to generate funds it needs for our environmental remediation efforts."

The company filed for bankruptcy Jan. 17.

Southern said the company's moves will provide "clarity for Freedom's customers with whom Freedom will work diligently to assist in transitioning to alternate sources of supply."

"Freedom is committed to continuing to assess its strategic options going forward, taking into account what is best for the state of West Virginia, the people and businesses who call it home, our customers and creditors and all others affected by the case," Southern said in the announcement.

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Freedom Industries announces it will shift its sales and service support

NEN hosts 'Youth Entrepreneurship Meet' for Students at Chennai

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National Entrepreneurship Network (NEN), the flagship initiative of Wadhwani Foundation organized the first annual Youth Entrepreneurship Meet in Chennai today. The programme held at Ethiraj Womens College has witnessed the participation of passionate aspiring entrepreneurs, entrepreneurship leaders and visionary students from various educational institutes across the city.

The energetic &enthusiastic participants shared their ideas, learnings and best practices to take their campus E-cells and individual entrepreneurial initiatives to the next level. The program offered the participants, access to unique tools & essentials of entrepreneurship from a leading consultant, insights on creating a sustainable start-up eco-system on campus, exposure to the mentoring process, expert advice and a positive space for networking opportunities with peers and key entrepreneurship drivers.

The days session also sensitized the participants on the experience of being an entrepreneur, and helped aspiring entrepreneurs to work on a development plan for their E-Cells which includes advocating the benefits of considering entrepreneurship as an alternate career option.

Dr. K. Srikrishna, Executive Director, National Entrepreneurship Networksays Chennai has always been a vibrant space for entrepreneurial activity. When NEN was started, only a handful of colleges or universities in India had any entrepreneurship programme. Today, we have more than 350 active entrepreneurship cells across India and many of the most active ones are in Chennai. The first annual Youth Entrepreneurship Meet in Chennai has witnessed an overwhelming response and we are greatly encouraged to pursue more such Youth Entrepreneurship Meets in other cities of India.

E-cells on educational campuses play a major role and are a focal point to inspire the student community and create a vibrant entrepreneurial eco-system. It aims to unlock students latent inventive potential to help in the development of India's entrepreneurial ecosystem by nurturing entrepreneurship through entrepreneurial education & learning. These E-cells connects students to entrepreneurial resources through various events such as seminars, workshops, webinars, start-up show cases, networking opportunities with industry leaders, mentors, peers, prospects, potential employees, vendors and help sustain the entrepreneurial spirit through educational, inspirational videos and mentoring platforms.

NEN is Indias largest and most dynamic community of new and future high-growth entrepreneurs, with over 70,000 members in 30 cities and 470 top-tier academic institutes in India as partners. It provides support to start-ups and early-stage entrepreneurs through offerings such as High-impact entrepreneurship education, Access to mentors, experts and advanced pedagogy, Fast-track access to incubation, Funding learning tools and materials.

NEN is playing a key role in developing entrepreneurship eco-system in the country by building institutional capacity and inspiring, educating & supporting high potential entrepreneurs to create high-value jobs. After the power packed event the participants expressed the strong desire for similar programmes on a regular basis to keep the spirit of entrepreneurship alive and to build on their dreams of becoming a successful entrepreneur.

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NEN hosts 'Youth Entrepreneurship Meet' for Students at Chennai

Cris Cyborg plans to drop to 135 pounds, 'retire' Ronda Rousey by end of year

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Guilherme Cruz, MMA Fighting

Before Ronda Rousey enters the Octagon on Saturday night, her rival Cris Cyborg had some strong words for the UFC women's bantamweight champion. In a prepared statement to 'Inside MMA' on Friday, Cyborg vowed to defeat her by the end of the year.

Here is the full statement below:

"In reference to Rondas statement that I am looking for a payday so that I can retire, youre right, I am looking for a payday to retire you like I did Gina Carano.But to show its not only about money, I challenge you to a fight winner takes all.Or better yet lets fight for FREE. ANYTIME! ANYWHERE!Ask your daddy Dana to make it happen.

My English is not that great, so sorry if I was misunderstood. I didnt literally mean I would die if I made 135. What I meant was that my doctor recommended that I did not fight the rest of my career at 135, which is what the UFC wanted.

You have fought 154 in the Olympics and 145 in MMA. You can meet me at 140 easier than for me to go down to 135. The only reason you want the fight at 135 is because you feel that is your only chance because you hope the weight cut will affect me. You guys say Im irrelevant, yet watch my highlights. The true MMA fans not only know me, but know Im the best.Sad that you give the true MMA fans no recognition by saying that they dont matter.

Im currently training to fight at 145 onMarch 28and in early May. My team has hired a medical doctor to help me make 135.I plan to challenge and win the Invicta 135 Championship in the summer and challenge you, champion to champion, for your 135 belt in December.

Now I know critics will say "I thought you said you would die if you made 135."All Im promising is that I will give 100 percent to try to get to 135 to make this plan happen. If I do, I will still listen to my doctors advice and fight no more than three times at 135: first to win the Invicta belt, the second time to kick your ass and the third time to kick your ass again so that the world can see it wasnt luck. You can evenhave me tested every week up to the fight. That way you will not have an excuse after I kick your ass."

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Cris Cyborg plans to drop to 135 pounds, 'retire' Ronda Rousey by end of year

Cyborg to Rousey: At 135 I Will 'Retire You Like I Did Gina Carano'

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Could a women's superfight between the UFC's Ronda Rousey and Invicta FC's Cristiane Santos take place at 135 pounds before the end of the year?

According to "Cyborg," that's exactly what's going to happen. Check out what the Invicta women's featherweight champion said in a statement sent to AXS TV'sInside MMA:

In reference to Rondas statement that I am looking for a payday so that I can retire, youre right, I am looking for a payday to retire you like I did Gina Carano.But to show its not only about money, I challenge you to a fight winner takes all.Or better yet lets fight for FREE. ANYTIME! ANYWHERE!Ask your daddy Dana to make it happen.

... Now I know critics will say I thought you said you would die if you made 135.All Im promising is that I will give 100 percent to try to get to 135 to make this plan happen. If I do, I will still listen to my doctors advice and fight no more than three times at 135: first to win the Invicta belt, the second time to kick your ass and the third time to kick your ass again so that the world can see it wasnt luck. You can evenhave me tested every week up to the fight. That way you will not have an excuse after I kick your ass.

Just over a year ago, Santos asked for her release from her Zuffa LLC contract, the parent company of the UFC which also owned the now defunct Strikeforce promotion until it folded last January, after she could not come to terms for a bout with Rousey, per MMA Weekly.

As recently as Monday, Both Rousey and UFC President Dana White expressed a serious disinterest in booking "Rowdy" against her Brazilian counterpart, though neither have ruled the fight out if it occurs at bantamweight, per Fox Sports.

In hopes of facilitating this potential big-money title fight, UFC Hall of Famer Tito Ortiz resigned as Cyborg's managershortlyafter once again getting called out by White.

White and Rousey have also been very critical of Santos' failed post-fight drug test in December 2011 for the anabolic steroid stanozolol, per MMA Junkie.

While critics have often accused Santos of using performance-enhancing drugs on a regular basis throughout her nearly nine-year career due to her blistering knockout power and muscular physique, this was the only instance of her failing a drug test.

Cyborg is expected to defend her belt next month against either Ediane Gomez or Julianna Budd, while Rousey puts her strap on the line against Sara McMann Saturday evening in the main event of UFC 170.

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Cyborg to Rousey: At 135 I Will 'Retire You Like I Did Gina Carano'

Ownership of York's beaches being reassessed

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Some selectmen argue town should own land; not private owners

February 22, 2014 2:00 AM

YORK, Maine Ownership of York's beaches is on the Board of Selectmen agenda for 7 p.m., Monday, Feb. 24, in the York Public Library.

Selectmen chairman Ron Nowell has said that the only way to protect public access is for the town of York to buy its beaches. Most are privately owned, he said.

The Feb. 4 state Supreme Court decision in the Goose Rocks Beach case favoring private property rights over public access means residents and tourists use York's beaches at the owners' pleasure, he said.

Assessor Rick Mace said Friday he does not tax anyone for what he called town beaches.

York has four beaches used by the public: Long Sands Beach, York Harbor Beach, Short Sands Beach and Cape Neddick Beach. The town has a deed to most of Short Sands Beach, but the other beaches are at least partially privately owned, according to Nowell.

There is currently no impediment to public access.

Cape Neddick Beach in particular has been subject to questions of ownership.

In 2011, a Cape Neddick Beach Task Force said there were three owners: two on Shore Road and one on Agamenticus Avenue. The task force recommended the town work cooperatively with the owners for continued public use of the beach.

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Ownership of York's beaches being reassessed

Salon de l’aronautique de Singapour — Nouvelles du programme CSeries avec Rob Dewar – Video

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Salon de l #39;aronautique de Singapour -- Nouvelles du programme CSeries avec Rob Dewar
Rob Dewar, Vice-prsident et Directeur Gnral, Programme CSeries, nous fait part du plus rcent statut sur les appareils CSeries. Suivez les nouvelles du pr...

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Salon de l'aronautique de Singapour -- Nouvelles du programme CSeries avec Rob Dewar - Video

Singapore Airshow — Bombardier CSeries – Aircraft Lessor Testimonials – Video

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Singapore Airshow -- Bombardier CSeries - Aircraft Lessor Testimonials
The Bombardier Aerospace CSeries family of aircraft now has more than 200 firm orders! Listen to Aircraft Lessors testimonials from the Singapore Airshow. Fo...

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Singapore Airshow -- Bombardier CSeries - Aircraft Lessor Testimonials - Video

How China Fooled the World With Fiat

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By Dr. Jeffrey Lewis

The Chinese financial system, along with the rest of the emerging market, exist as an extension of "the world is flat monetary policy" on a scale never seen before. It is equally a giant leverage play on the last remaining resources for a population that has overproduced its stay.

The financial blog Zerohedge.com recently presented a summary of a BBC program featuring a report from Robert Peston, who traveled to China to investigate how the mighty economic giant could actually be in serious trouble.

http://www.bbc.co.uk/programmes/b006mgxx

We've excerpted and commented below...

"China is now the second largest economy in the world and for the last 30 years China's economy has been growing at an astonishing rate, wowing the world, as spending and investment has been undertaken on a scale never seen before in human history - 30 new airports, 26,000 miles of motorways and a new skyscraper every five days have been built in China in the last five years. It is all eerily reminiscent of what happened in the West... the vast majority of it has been built on credit."

Credit equals fiat or currency backed by faith. It is held up by law and force by proxy or by fiat. And while this currency can be created at the will of issuing authorities, it is readily exchangeable and/or replaced by another of the same quality or nature. While exchange rates give rise to the perception of relative value, and massive trade arbitrages the differences, in the end it is all an illusion hanging by a thread of confidence. This confidence, by definition, is unstable and obviously unsustainable.

"This has now left the Chinese economy with huge debts and questions over whether much of the money can ever be paid back (spoiler alert: it can't and it won't)".

Faith is pure emotion. Emotions rise and fall with the tides and the winds of change. It is just a matter of time before the tipping point arrives, driving the masses toward a kind of fiat agnosticism.

"There is an unresolved self-contradiction in Chinas current policies: restarting the furnaces also reignites exponential debt growth, which cannot be sustained for much longer than a couple of years."

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How China Fooled the World With Fiat